532 Telfer Street S

Key Characteristics & Buyer Profile

This is a 1910 property on Telfer Street South in Winnipeg’s Wolseley neighbourhood, with 864 sq ft of living space on a 2,515 sq ft lot. Its assessed value is $248,000, which is notably lower than the street average ($293,000), the neighbourhood average ($371,000), and the city average ($390,000). The living area is modest—below both the Wolseley and city averages—but sits close to the average for its own street, where homes tend to be smaller. The lot is also smaller than typical for the area, ranking in the bottom half city-wide, though it’s closer to the middle of the street.

The appeal here isn’t in size or modern updates; this is a house that offers an entry point into Wolseley, a neighbourhood valued for its character, trees, walkability, and older housing stock. Buyers who prioritize location and potential over move-in readiness will find this property worth a look. It likely suits first-time buyers looking to get into an established central neighbourhood, or renovators who are comfortable working with an older home. The low assessed value relative to the area may also appeal to those conscious of property taxes, though it’s worth confirming what that figure reflects in terms of actual condition.

This is not a turnkey property for someone seeking maximum square footage or a large yard. It’s a smaller, older house on a modest lot in a sought-after area—the kind of place where the bones matter more than the numbers.

Five Possible FAQs

1. Is this a good investment for someone new to Wolseley?
It could be, if you’re open to the realities of an older home. The lower assessed value means lower taxes, and the neighbourhood holds its value well. But the house is smaller and older than much of what’s around it, so your return will depend on how much work you’re willing to put in.

2. How does the size compare to other homes in the area?
The living area is about 30 percent below the Wolseley average, and the lot is about 25 percent smaller than the neighbourhood norm. On its own street, the differences are less dramatic—the house is fairly typical for Telfer Street South, where homes are generally smaller.

3. Will the age of the house be a problem?
It was built in 1910, which is older than most homes in Winnipeg but fairly typical for Wolseley. That means you should expect original construction details, potential plumbing or electrical quirks, and possibly less insulation. A good home inspection is essential.

4. Why is the assessed value lower than others in the neighbourhood?
Assessments reflect market value estimates based on size, condition, and comparable sales. The lower figure here likely reflects the smaller living area and lot, plus the age of the home. It doesn’t necessarily mean the property is in poor shape, but it’s worth comparing with recent sale prices.

5. What kind of buyer should consider this property?
Someone who values location over space, and who is comfortable with a project or a more modest footprint. First-time buyers, downsizers, or investors willing to renovate are the most likely fit. It’s less suited to anyone wanting a large family home or a big private yard.